Shares of Media Nusantara Citra (MNCN) collapsed 4.87% Tuesday (Nov 11) as the Supreme Court affirmed its earlier decision on the ownership of Televisi Pendidikan Indonesia (TPI), which has been renamed MNC TV. The Court refused the judicial review filed by Hary Tanoe and accordingly affirmed its previous ruling, which is in favor of Siti Hardiyanti Rukmana (Tutut), daughter of the late president Soeharto.

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